I can’t rationalize why anyone would opt to use Venmo at this point over Zelle and Apple Cash. I get it for small businesses, but at this point, Venmo should be obsolete for personal use. Why would I ever want my money sitting in Venmo when it could just go directly to my bank?
Zelle? is that the shitty UI thing that i need to remember my bank of America password for? why would anyone use that?
Because it integrates directly with your bank and has instant settlement
Their UI is shit and I hope they get better at it, because it is a superior product with the settlement and protections. In my home country bank transfers are already free and instant, so no one would think of using Venmo lol
Zelle is a haven for fraud
Not anymore so than Venmo or PayPal. Their fraud protections are excellent but some people are just dumb
This is true and is why Fidelity does not allow Zelle but directly integrates with PayPal and Venmo. Zelle charge reversals have <1% success rate
Not all banks use zelle…
Then grow up and use a real bank
I'm going to tell all my friends to grow up and get a real bank when they ask for 20 bucks.
Because I can? The incremental benefit of switching to a different payment add is tiny while the cost is huge.
But you aren’t switching to a different payment. Technically by using PayPal or Venmo, you are switching away from the default payment, which is Zelle. It’s already integrated into most banks
But I need to learn about zelle and open the banking app. For a lot of normies, they'd rather avoid it.
I don’t want to give out my number
Zelle is shit
No idea…Zelle and Apple Pay will dominate moving forward. Venmo and PayPal as well as other FinTechs are effectively dead.
Agreed. Venmo is kind of like Clubhouse. Good idea, but it’s a feature. Zelle and Apple Pay render them obsolete
Have used both. Would have used Zelle more but there is a daily limit.
Careful. No recourse for scamming like with credit cards. You are default liable for the fraud rather than the institution being default liable.
Fuck zelle
Because no one uses Zelle or apple cash. Network effect and waiting 2 days isn't an issue for most.
Interesting. I always thought it’s the other way around because no one in my circle prefers Venmo over Zelle. Also, names on Zelle are verified since they’re tied to your bank account, Venmo is a free for all.
Zelle >> venmo 1. No app, just phone/email 2. Instant deposited